About Jason Watson
Jason Watson is a Senior Partner for WCG CPAs & Advisors, a boutique yet progressive tax, accounting and consultation CPA firm located in Colorado Springs, Colorado. He has been an owner of three small businesses, and holds both a Bachelor’s and Master’s in Business Administration from the University of Wisconsin – Madison.
View all posts by Jason Watson
Key TakeawaysSECURE Act 2019 boosts retirement flexibility and small business benefits.
Start-up 401k plans can get higher tax...
Continue reading
Key TakeawaysSmall business tax deductions save money but must be reasonable and well-documented.
Unreasonable deductions trig...
Continue reading
Key TakeawaysReasonable salary for S Corp shareholders can vary widely depending on methodology and inputs—$193K vs. $113K in one...
Continue reading
Key TakeawaysWCG launched its first small business podcast and video series to discuss entity formations and considerations.
T...
Continue reading
Key TakeawaysWorking from home is increasingly common, but it raises tax questions about home office deductions.
Two methods e...
Continue reading
Key TakeawaysElecting S corporation taxation for your LLC can reduce self-employment taxes, but the transition comes with challen...
Continue reading
Key TakeawaysElecting S Corp status requires all shareholders to pay themselves a reasonable salary to comply with IRS rules.
...
Continue reading
Key TakeawaysThe Section 199A deduction allows certain small business owners to deduct up to 20% of qualified business income (QB...
Continue reading
Key TakeawaysSide hustles can be exciting, but without a documented profit motive, the IRS may classify them as a hobby.
Hobby...
Continue reading
Key TakeawaysCharitable donations can support causes you care about and may provide tax deductions.
To be deductible, donation...
Continue reading
Jason Watson
![[page_title]](https://wcginc.com/wp-content/webp-express/webp-images/uploads/S-Corp-Section-199A.jpg.webp)
